+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
News Article

China and US Boost Worldwide Industrial Semiconductor Market in 2014

News

Continuing strength in China and a resurgent U.S. economy are combining to drive accelerated growth in the worldwide market for semiconductors used in industrial applications this year, according to IHS Technology.

Global market revenue for industrial semiconductors is expected to rise by 12.9 percent in 2014, reaching $38.5 billion, up from $34.0 billion in 2013. This represents an even larger increase in market growth compared to an 11.4 percent expansion in 2013.

The United States and China, the world's two largest markets for industrial semiconductors, are propelling global growth this year, with revenue increases of 13 percent and 17 percent, respectively, as presented in the attached figure. The two regions were responsible for strong market increases in the second quarter, compensating for a decline in Europe.

The surge in in the second quarter was thanks in particular to three sectors: factory automation; building and home control; and commercial aircraft. Expansion in the economies of the US and China overcame a contraction in the European market region during the April through June period. Following a seasonally slow first quarter, the strong second quarter expansion of nearly 7 percent kept the global market for industrial semiconductors on a strong ascendant path for the year.

"Rising demand for industrial semiconductors in the United States is being driven by a wide range of positive economic factors that are boosting the manufacturing sector," said Robbie Galoso, principal analyst for IHS.

"At the same time, the Chinese government's generous stimulus programs in several product markets are promoting broad-based strength for various industrial electronics areas. The robust performance in both countries kept spending on industrial semiconductors on track in the second quarter and set the stage for accelerated growth for the entire year of 2014."

Purdue, imec, Indiana announce partnership
Resilinc partners with SEMI on supply chain resilience
NIO and NXP collaborate on 4D imaging radar deployment
Panasonic Industry digitally transforms with Blue Yonder
Global semiconductor sales decrease 8.7%
MIT engineers “grow” atomically thin transistors on top of computer chips
Keysight joins TSMC Open Innovation Platform 3DFabric Alliance
Leti Innovation Days to explore microelectronics’ transformational role
Quantum expansion
indie launches 'breakthrough' 120 GHz radar transceiver
Wafer fab equipment - facing uncertain times?
Renesas expands focus on India
Neuralink selects Takano Wafer Particle Measurement System
Micron reveals committee members
Avoiding unscheduled downtime in with Preventive Vacuum Service
NFC chip market size to surpass US$ 7.6 billion
Fujifilm breaks ground on new €30 million European expansion
Fraunhofer IIS/EAS selects Achronix embedded FPGAs
Siemens announces certifications for TSMC’s latest processes
EU Chips Act triggers further €7.4bn investment
ASE recognised for excellence by Texas Instruments
Atomera signs license agreement with STMicroelectronics
Gartner forecasts worldwide semiconductor revenue to decline 11% in 2023
CHIPS for America outlines vision for the National Semiconductor Technology Center
TSMC showcases new technology developments
Alphawave Semi showcases 3nm connectivity solutions
Greene Tweed to open new facility in Korea
Infineon enables next-generation automotive E/E architectures
Global AFM market to reach $861.5 million
Cepton expands proprietary chipset
Semtech adds two industry veterans to board of directors
Specialty gas expansion
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: